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Palfinger AG

EANS-Adhoc: Palfinger AG
Results Q1

  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
3-month report
11.05.2010
11.05.2010
In the first quarter 2010 PALFINGER emerges from crisis stronger than
before
• Revenue still below first quarter 2009 but on the increase in all 
areas • EBIT and consolidated net result for the period back in the 
positive • Continuation of growth strategy planned - both organic and
inorganic
million EUR | Q1 2010  |        % |  Q1 2009  |  Q1 2008
Revenue     |   129.4  |  (7.8 %) |    140.4  |    208.9
EBITDA      |     8.3  |  310.6 % |      2.0  |     34.3
EBIT        |     3.4  |      -   |    (3.3)  |     29.5
EBIT margin |   2.7 %  |      -   |  (2.4 %)  |   14.1 %
Bergheim, Salzburg, 11 May 2010
The PALFINGER Group took advantage of the recovery of the economy in 
the first quarter 2010: In comparison with the falling sales figures 
recorded in 2009, the Company experienced a trend reversal. As 
compared to the fourth quarter 2009, the weakest in 2009, revenues 
went up by approximately 10 percent - still clearly below the 
comparative figure recorded in the first quarter 2009. The measures 
that were implemented in 2009 in order to cut costs and make the 
value-creation process more flexible continue to be significantly 
reflected in earnings, which are clearly now back in the positive.
At EUR 129.4 million, revenue is 7.8 percent lower than in the first 
quarter 2009, when revenue was EUR 140.4 million. In the first three 
months of 2010, EBIT came to EUR 3.4 million as compared to EUR - 3.3
million in the first quarter 2009. On this basis PALFINGER´s 
consolidated net result turned positive again, amounting to EUR 0.8 
million in the first quarter 2010.
In the first quarter 2010 cash flows from operating activities more 
than doubled as compared to the previous year (EUR 4.3 million) and 
amounted to EUR 9.3 million.
A comparison with the previous quarter, the fourth quarter 2009, 
shows for the first time since 2008 a plus in revenue of 10.2 
percent. In the fourth quarter 2009, EBIT amounted to EUR 1.0 
million. The increase of more than 200 percent recorded in the first 
quarter 2010 is primarily due to rising revenues.
PALFINGER is not yet in a position to make reliable forecasts for the
entire 2010 financial year as markets are expected to be increasingly
volatile. However, management expects revenues to pick up slightly in
almost all sectors. On this basis an organic growth of Group revenue 
in the amount of 10 to 15 percent is assumed.
end of announcement                               euro adhoc

Further inquiry note:

Hannes Roither, PALFINGER AG
Konzernsprecher
Tel.: +43 662 46 84-2260
h.roither@palfinger.com

Branche: Machine Manufacturing
ISIN: AT0000758305
WKN: 919964
Index: ATX Prime, Prime Market
Börsen: Wien / official market

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